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Among new EU members, enthusiasm for the euro cools

FRANKFURT The euro is rising to record levels against the dollar, winning favor as a reserve currency in central banks of countries like Russia and China, and flexing its muscle in bond markets. Yet the currency, which has replaced marks, francs and other national currencies for 300 million Europeans since 2002, is not likely to reach the 75 million newest citizens of the European Union for several more years.


Source: www.iht.com



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06.12.2004

 
 

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